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hi guys

pls explain me the difference between down payment and down payment request

sreenivas...

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Former Member
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Hi

Down payment request is a noted item which means that it will not impact the balance of any G/L account.

Down payment is actual payment and real postings are happen in the G/L account. There can be various types of down payments like down payment for purchasing asset etc.

For making a down payment, down payment request is mandatory. You can not make a down payment without having a down payment request.

Hope this helps.

Nitin